Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Amarin Corp ADR (NASDAQ: AMRN) closed at $0.59 in the last session, up 0.12% from day before closing price of $0.59. In other words, the price has increased by $0.12 from its previous closing price. On the day, 0.71 million shares were traded. AMRN stock price reached its highest trading level at $0.6 during the session, while it also had its lowest trading level at $0.575.
Ratios:
We take a closer look at AMRN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.11 and its Current Ratio is at 3.23. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.
On October 25, 2023, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $3 to $1.
Jefferies Upgraded its Hold to Buy on January 06, 2023, whereas the target price for the stock was revised from $1.30 to $3.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 02 ’24 when Berg Aaron bought 160,000 shares for $0.64 per share. The transaction valued at 102,400 led to the insider holds 805,380 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMRN now has a Market Capitalization of 243800032 and an Enterprise Value of -53716888. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.01 while its Price-to-Book (P/B) ratio in mrq is 0.46. Its current Enterprise Value per Revenue stands at -0.223 whereas that against EBITDA is 1.314.
Stock Price History:
The Beta on a monthly basis for AMRN is 1.83, which has changed by -0.47787613 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, AMRN has reached a high of $1.37, while it has fallen to a 52-week low of $0.43. The 50-Day Moving Average of the stock is 15.98%, while the 200-Day Moving Average is calculated to be -10.32%.
Shares Statistics:
According to the various share statistics, AMRN traded on average about 1.58M shares per day over the past 3-months and 1207970 shares per day over the past 10 days. A total of 411.26M shares are outstanding, with a floating share count of 409.93M. Insiders hold about 0.32% of the company’s shares, while institutions hold 16.54% stake in the company. Shares short for AMRN as of 1736899200 were 17186993 with a Short Ratio of 10.90, compared to 1734048000 on 18190540. Therefore, it implies a Short% of Shares Outstanding of 17186993 and a Short% of Float of 4.2299999999999995.
